Triton International Ltd. · NYSE:TRTN/PA
Triton International — Investor Presentation (January 2026)
12 slides from Triton International's investor presentation, January 2026
Slide 1: Investor Presentation
Investor Presentation February 2023 January 2026 1
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements Certain statements in this presentation, other than statements of historical facts, including statements regarding our strategy, future operations, future financial position, future revenues, future costs, prospects, plans and objectives of management are "forw
Slide 3: Market Overview
Market Overview • Triton performed well in 2025 • Strong financial performance • Excellent fleet performance • Tangible progress on key strategic initiatives • Triton’s excellent fleet performance being sustained by our well-protected long-term lease portfolio • Fleet utilization remains above 97% •
Slide 4: Key Operating Metrics
Key Operating Metrics Strong demand for dry containers supports high level of utilization through the cycle coupled with a robust market for disposals TOTAL FLEET UTILIZATION (CEU)(1) NEW DRY CONTAINER PRICES 100% $4,000 $3,500 95% $3,000 90% $2,500 85% $2,000 $1,500 80% $1,000 75% $500 70% $0 Sourc
Slide 5: Financial Highlights
Financial Highlights Track record of strong cash flow generation and profitability through cycles, with robust performance during COVID LEASING REVENUE (1) CASH FLOW BEFORE CAPEX TIL TCF VIII (EXCLUDING CERTAIN ITEMS)(1)(2)(3) 1,800 1,800 TIL TCF VIII 1,600 1,600 149 1,607 1,400 1,400 1,521 125 1,47
Slide 6: Strong Lease Portfolio
Strong Lease Portfolio Well structured long-term lease portfolio limits re-leasing risk and generates strong cash flow SUSTAINED BY EXTENDED LEASE DURATIONS(1)(2)(3)(4) LEASE PORTFOLIO (NBV)(1) 100 Avg remaining lease 100% term over 6.5 yrs(2) 3.3% 80 3.6% 90% 5.3% 60 Months 80% 40 70% 20 Average Re
Slide 7: Investment Grade Capital Structure
Investment Grade Capital Structure Conservatively capitalized balance sheet with strong cash flow coverage for upcoming maturities • Our balance sheet remains in great shape DIVERSIFIED AND CONSERVATIVE CAPITAL • Target leverage of ~75% Net Debt / Revenue Earning Assets STRUCTURE AS OF SEPTEMBER 30,
Slide 8: Appendix
Faroe a te) eT 4 Bes a Sati iat \ ek SGT anit ae Pa rOZ ee _—— TRITON
Slide 9: Consolidated Statement of Adjusted Net income
Consolidated Statement of Adjusted Net income(*) (In thousands, except earnings per share) Q3 '25 Q2 '25 % Change Q3 '25 Q3 '24 % Change Total leasing revenues $ 333,838 $ 309,878 7.7% $ 333,838 $ 391,319 (14.7%) Depreciation and amortization 89,233 79,368 12.4% 89,233 134,952 (33.9%) Interest and d
Slide 10: Non-GAAP Financial Information
Non-GAAP Financial Information We use the terms "Adjusted net income,“ “cash flow before capex”, “net debt” and other non-GAAP financial measures throughout this presentation. These items are not presented in accordance with U.S. GAAP and should not be considered as alternatives to, or more meaningf
Slide 11: Reconciliation of Non-GAAP Financial Measures: Adjusted Net Income
Reconciliation of Non-GAAP Financial Measures: Adjusted Net Income (In thousands, except earnings per share) 2023 Total Q1 '24 Q2 '24 Q3 '24 Q4 '24 2024 Total Q1 '25 Q2 '25 Q3 '25 Net income attributable to common shareholders $ 421,977 $ 112,515 $ 64,408 $ 137,625 $ 151,535 $ 466,083 $ 130,029 $ 10
Slide 12: Reconciliation of Non-GAAP Financial Measures: Cash Flow Before Capex (Excluding Certain Items)
Reconciliation of Non-GAAP Financial Measures: Cash Flow Before Capex (Excluding Certain Items) Cash Flow Before Capex (In thousands) LTM Sep-25 3Q25 Income (loss) before income taxes $ 600,928 $ 131,102 Add: Unrealized (gain) loss on derivative instruments, net (1) Finance Lease Valuation Adjustmen
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